Like two super-heavyweights cautiously circling each other, Microsoft (MSFT - Get Report) and Google (GOOG - Get Report) have both been grabbing the headlines recently as they try to land that killer punch.
First, Google sent shockwaves through the tech sector with its Chrome OS, an operating system that's challenging Microsoft in the low-end PC market. Clearly unwilling to get trapped in a corner, Microsoft launched its counterattack Monday, adding more flesh to the bones of its online services strategy.
The Redmond, Wash.-based firm previewed its Office 2010 software Monday at its Worldwide Partner Conference and also announced plans to provide Office applications for free to Windows Live users.
Designed to deliver Word, PowerPoint and Excel as Web services , this strategy is a clear move onto Google's turf, but also could significantly boost Microsoft's cloud computing efforts.